The Home Depot Presents Strategic Priorities and Outlines Long-Term Operating Targets; Updates 2009 EPS Guidance

    ATLANTA, June 10 /CNW/ -- The Home Depot(R), the world's largest home
improvement retailer, will today outline its key strategic priorities and
discuss its long-term operating targets at its 2009 Investor and Analyst
Conference.  In addition, the Company has updated its 2009 EPS guidance.

    (Logo: )

    Today's conference will begin at 8:30 a.m. ET and will be available in
its entirety through a live webcast and replay at in the
Investor Relations section.

    Strategic Priorities
    The Company will discuss its three areas of strategic focus and the
specifics behind each:  (1) customer service, (2) product authority and (3)
productivity and efficiency driven by disciplined capital allocation.

    --  The Company's focus on customer service is anchored on the principles
        of taking care of associates, putting customers first and simplifying
        the business.
    --  The Company's focus on product authority includes an emphasis on
        re-establishing a merchandising driven business, providing product
        meets customer project needs, and building tools for effective
    --  The Company's approach to driving productivity and efficiency will be
        achieved through disciplined capital allocation focused on the
        core retail business, transforming the supply chain and improving
        information technology.

    Long-Term Operating Targets
    The Company believes that its strategic priorities, along with a
correction in the home improvement market, will allow it to achieve an
operating margin of approximately 10 percent and a return on invested capital
of approximately 15 percent.

    Updated FY2009 EPS Guidance
    Today the Company is updating its FY2009 EPS guidance and now expects
earnings per share from continuing operations to be flat to down 7 percent
from last year.  On an adjusted basis, the Company now expects earnings per
share from continuing operations to decline by 20 to 26 percent.  The Company
previously announced its expectation that earnings per share from continuing
operations in FY2009 would be down 7 percent from last year, and down 26
percent on an adjusted basis.

    The Company reaffirmed its sales, comparable store sales and gross margin
guidance for the 2009 fiscal year.  The Company still expects sales to decline
by approximately 9 percent, comparable store sales to be high single digit
negative and for gross margin expansion to be flat to slightly positive.

    The Home Depot is the world's largest home improvement specialty
retailer, with 2,238 retail stores in all 50 states, the District of Columbia,
Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and
China. In fiscal 2008, The Home Depot had sales of $71.3 billion and earnings
from continuing operations of $2.3 billion. The Company employs more than
300,000 associates. The Home Depot's stock is traded on the New York Stock
Exchange (NYSE:   HD) and is included in the Dow Jones industrial average and
Standard & Poor's 500 index.

    Certain statements contained herein constitute "forward-looking
statements" as defined in the Private Securities Litigation Reform Act of
1995.  Forward-looking statements may relate to, among other things, the
demand for our products and services, net sales growth, comparable store
sales, store openings and closures, state of the economy, state of residential
construction, housing and home improvement markets, in-stock positions,
commodity price inflation and deflation, implementation of store initiatives,
continuation of reinvestment plans, net earnings performance, earnings per
share, capital allocation and expenditures, liquidity, return on invested
capital, the effect of charges, the planned recapitalization of the Company,
the ability to issue debt on terms and at rates acceptable to us,
merchandising, expense leverage and other operating strategies, other factors
affecting earnings and sales, and fiscal 2009 financial guidance.  These
forward-looking statements are based on currently available information and
current assumptions, expectations and projections about future events.  You
are cautioned not to place undue reliance on our forward-looking statements as
they speak only as of the date hereof, and we undertake no obligation to
update these statements to reflect subsequent events or circumstances except
as may be required by law.  These statements are not guarantees of future
performance and are subject to future events, risks and uncertainties - many
of which are beyond our control or are currently unknown to us - as well as
potentially inaccurate assumptions that could cause actual results to differ
materially from our expectations and projections.  Additional information
regarding risks and uncertainties include but are not limited to those
described in Item 1A, "Risk Factors," and elsewhere in our Annual Report on
Form 10-K for our fiscal year ended February 1, 2009 and our subsequent
Quarterly Reports on Form 10-Q.

    The Company has supplemented its fiscal 2009 EPS guidance with a non-GAAP
measurement to reflect the impact of store rationalization charges, business
rationalization charges related to the exit of EXPO, THD Design Center,
Yardbirds and HD Bath businesses, charges related to restructuring of support
functions and an investment impairment charge related to HD Supply.  The
Company believes this non-GAAP measurement provides management and investors
with meaningful information to understand and analyze the Company's
performance.  However, this supplemental information should not be considered
in isolation or as a substitute for the comparable GAAP measurement.


For further information:

For further information: Financial Community, Diane Dayhoff, Vice
President of Investor Relations, +1-770-384-2666,;
News Media, Paula Drake, Sr. Manager, Corporate Communications,
+1-770-384-3439,, both of The Home Depot Web Site:

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